3D Systems Corp. (NYSE:DDD)‘s stock had its “hold” rating reiterated by Piper Jaffray Cos. in a research note issued on Monday, Analyst Ratings Network reports. They currently have a $61.00 price target on the stock. Piper Jaffray Cos.’s target price indicates a potential upside of 4.02% from the stock’s previous close.
3D Systems Corp. (NYSE:DDD) traded down 1.64% during mid-day trading on Monday, hitting $57.68. 713,381 shares of the company’s stock traded hands. 3D Systems Corp. has a one year low of $21.5667 and a one year high of $51.94. The stock’s 50-day moving average is $49.3 and its 200-day moving average is $42.61. The company has a market cap of $5.861 billion and a price-to-earnings ratio of 135.43.
3D Systems Corp. (NYSE:DDD) last announced its earnings results on Tuesday, July 30th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.04. The company had revenue of $120.50 million for the quarter, compared to the consensus estimate of $114.63 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 44.5% on a year-over-year basis. Analysts expect that 3D Systems Corp. will post $1.01 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on DDD. Analysts at Brean Capital raised their price target on shares of 3D Systems Corp. to $70.00 in a research note to investors on Monday. Separately, analysts at Maxim Group raised their price target on shares of 3D Systems Corp. from $56.00 to $67.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of 3D Systems Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $59.64.
3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
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